When a company as large as Google that aims to hire the best and brightest fails to prove its value by making money, it’s not uncommon to see the course correction we’re seeing now. Between Netflix, Amazon, AT&T, Apple, and YouTube it appears the tech sector is remaking Hollywood in its own image. This is going to make a great show.

AT&T’s Monday announcement of the DirecTV Now streaming service drew nearly unanimous applause from tech pundits. This is a new business model for cable TV that harnesses some of the power of the broadband networks to provide personalized sports, entertainment, and news packages to TV viewers. But some are critical, albeit for strange reasons.